Northern Virginia home sales up 11% - Washington Business Journal:

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During the month, 1,384 homes were sold in the which includes the cities of Fairfax and Falls Church as well as the countiews of Fairfaxand Arlington, according to Rockville-basexd market research firm In the same month in 2008, the number of homes sold was 1,250. The mediab sale price of a home in the area fell 17 percen in Marchto $335,000, according to D.C. home sales were also faring There were 399units sold, slightly up from 393 homes sold in the same monthn last year. The median sale price dropped 6 from $399,500 in March 2008 to $375,000 last Units spent an average of 97 or 17 more days, on the market last monty over March 2008.
Units on the Northern Virginiz market, however, are being snapped up faster thanlast year. Homes are spending an average of 89 days on the or 20 less days than the same perio d ayear ago. In Fairfax County alone, 1,04 homes were sold in March. That’zs up 12 percent compared with ayear ago. The mediann sale price dipped 19 percentto $320,000 last In Arlington County, the median sale pricde dropped 20 percent to $387,500 and 168 homese were sold — down 6 percent from the same montj a year ago. Prince William County experiencesa 49-percent surge in sales of 750 compared with 502 homes sold in Marcyh 2008. The median sale pricd was down 37 percentgto $171,000.
Units spent an average of 102 days, or 32 less days on the than inMarch 2008. Prince George’s County home sales were up 10 with 380 units sold last The median sale price was down 18 percent to buthomes spent, on 44 more days on the market than they did in Marcjh 2008. Montgomery County home sales were upeven more. Therw were 649 units sold last month, or a boost of 15 percengt overMarch 2008. The median sale price was down 16 percenrtto $339,000, and homes spent, on 10 more days on the market than they did in Marchb 2008.